Nedbank has listed a equally weighted exchange-traded fund (ETF) on the Botswana Stock Exchange (BSE), Business Live reports. The Nedbank BettaBeta Equally Weighted Top 40 ETF is the second fund to be listed on the BSE.

The ETF will provide investors with an exposure to blue chip companies listed on the Johannesburg Stock Exchange/ FTSE’s Top 40 index. The product has got local asset status by Botswana’s Non-Bank Financial Institutions Regulatory Authority. The liquidity of the ETF will let institutional investors expose regular investment flows, such as monthly pension contributions or unit trust investments.

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